Nifty and Bank Nifty Prediction for Tomorrow, 6 December 2023:
The Indian stock market closed with good gains on Tuesday after good gaining on monday, it is rising from 6th consecutive trading day. Today domestic market opened a gap up of around 100 points near 20800 but after some time some profit booking has been recoded and it came back to near 20700, but it continued the gains and and Nifty has closed near 20850.
Bjp has won with good numbers so this news will give the market positivity and this will run over week and and some days it may be the possiblity .
This news will be rule over this week and the coming week also so be cautious, and about today market SENSEX, and NIFTY made historic gains, it has reached new all-time highs.
About the sectors Banking, Nifty Energy, and Nifty metal gained the most and some sectors like Nifty Bank , Nifty Auto , Nifty FMCG and Nifty FIn have shown sideways to profit booking mode . Overall market breadth was super strong On the NSE around 1165 shares were positive and
730 stocks were in red.
At the day close broader market also closed in positive, as the NiftyMID 16,364.10 0.38% (+61.65) and smallcap indexes 13,509.05 gained 0.15% (+20.00 and ) respectively. Sensex jumped +431.02 (0.63%)today Sensex closed at 69,296.14 while Nifty closed at 20,855.10 +168.30 (0.81%) today and Banknifty closed near at 47,012.25 +580.85 (1.25%) today.
For tomorrow 06 December 2023 what will be the prediction for Nifty and Banknifty in this post, we will cover all its levels and directions as per price action analysis in detail.
Nifty Prediction for Tomorrow, 6 December 2023:
The nifty trend will be sideways to positive this week.
Nifty has made a day low near 20,711.15 and a day high near 20,864.05. closed near 20,855.10 about (0.81%) up.(positive)
For tomorrow if Nifty holds 20850 then you may see 20900-20950 very easily, why I am giving 100 points because some profit booking will happen also so near 20900-20950 try to book your profits and you may see some decline or sideways movement.
Best Buy Near — 20700-20720 SL 20650
Best Short Near — 20950-20970 Sl near 21000 try to first analyze the market dont take entry without checking all sectors or nifty call writing area .
you can also assume the Nifty futures prediction for tomorrow as per the NIfty analysis .
Banknifty Prediction for Tomorrow, 6 December 2023:
The bank nifty trend will be sideways to positive this week.
Banknifty has made day low near 46,653.65 and a day high near 47,230.55. closed near 47,012.25 near about (1.25%) up.(positive)
For tomorrow if BankNifty holds 46900 then you may see 47000 -47100-47200 very easily, why I am giving 200 points because some profit booking will happen also so near 47100-47200 try to book your profits and you may see some decline or sideways movement.
Best Buy Near — 46900-46920 SL 46850 if holds 46900 then you can take entry otherwise avoid .
2nd opportunity for Buy —-46700 Sl 46650 if holds 46700 for sometime you can take enrty in buy .its a good area with good reward .
Short Near — 47200-47250 Sl near 47250 if marker not holds 47200 it may give you some profit booking and decline also so you can take short trade near high with small SL dont wait more because trend is still positive so try to take entry in Buy.
you can also assume the BankNifty futures prediction for tomorrow as per the BankNIfty spot analysis.
Disclaimer : Before taking trade consult your financial advisor we will not be responsible for your losses .
